South African Income Tax Rates from 2010 to 2016

Individuals - Rates

2009/20102010/20112011/20122012/20132013/20142014/20152015/2016
0 - 132 00018%0 - 140 00018%0 - 150 00018%0 - 160 00018%0 - 165 60018%0 - 174 55018%0 - 181 90018%
132 001 - 210 000R23 760 + 25% of the amount above R132 000140 001 - 221 000R25 200 + 25% of the amount above R140 000150 001 - 235 000R27 000 + 25% of the amount above R150 000160 001 - 250 000R28 800 + 25% of amount above R160 000165 601 - 258 750R29 808 + 25% of amount above R165 600174 551 - 272 700R31 419 + 25% of amount above R174 550181 901 - 284 100R32 742 + 26% of the amount above R181 900
210 001 - 290 000R43 260 + 30% of the amount above R210 000221 001 - 305 000R45 450 + 30% of the amount above R221 000235 001 - 325 000R48 250 + 30% of the amount above R235 000250 001 - 346 000R51 300 + 30% of amount above R250 000258 751 - 358 110R53 096 + 30% of amount above R258 750272 701 - 377 450R55 957 + 30% of amount above R272 700284 101 - 393 200R59 314 + 31% of the amount above R284 100
290 001 - 410 000R67 260 + 35% of the amount above R290 000305 001 - 431 000R70 650 + 35% of the amount above R305 000325 001 - 455 000R75 250 + 35% of the amount above R325 000346 001 - 484 000R80 100 + 35% of amount above R346 000358 111 - 500 940R82 904 + 35% of amount above R358 110377 451 - 528 000R87 382 + 35% of amount above R377 450393 201 - 550 100R93 135 + 36% of the amount above R393 200
410 001 - 525 000R109 260 + 38 % of the amount above R410 000431 001 - 552 000R114 750 + 38 % of the amount above R431 000455 001 - 580 000R120 750 + 38 % of the amount above R455 000484 001 - 617 000R128 400 + 38% of amount above R484 000500 941 - 638 600R132 894 + 38% of amount above R500 940528 001 - 673 100R140 074 + 38% of amount above R528 000550 101 - 701 300R149 619 + 39% of the amount above R550 100
525 001 and aboveR152 960 + 40% of the amount above R525 000552 001 and aboveR160 730 + 40% of the amount above R552 000580 001 and aboveR168 250 + 40% of the amount above R580 000617 001 and aboveR178 940 + 40% of amount above R617 000638 601 and aboveR185 205 + 40% of amount above R638 600673 101 and aboveR195 212 + 40% of amount above R673 100701 301 and aboveR208 587 + 41% of the amount above R701 300

A summary of older individual rates is available in the archive.

Individuals - Rebates

2009/20102010/20112011/20122012/20132013/20142014/20152015/2016
Primary rebateR9 756R10 260R10 755R11 440R12 080R12 726R13 257
Additional age 65 and over rebateR5 400R5 675R6 012R6 390R6 750R7 110R7 407
Additional age 75 and over rebateN/AN/AR2 000R2 130R2 250R2 367R2 466
Tax threshold below age 65R54 200R57 000R59 750R63 556R67 111R70 700R73 650
Tax threshold age 65 - 74R84 200R88 528R93 150R99 056R104 611R110 200R114 800
Tax threshold age 75 and overR84 200R88 528R104 261R110 889R117 111R123 350R128 500

The third rebate was phased out in 1993/4 (see archive for details) and reintroduced at a different age in 2011/12.

Individuals - Monthly Medical Scheme Tax Credit

 2012/20132013/20142014/20152015/2016
MemberR230R242R257R270
First dependantR230R242R257R270
Subsequent dependantsR154R162R172R181

The medical scheme tax credit took effect for taxpayers from 2012/13 for taxpayers youger than 65 and from 2014/15 for taxpayers 65 and older.

Individuals - Interest and Dividends Exemption

2009/20102010/20112011/20122012/20132013/20142014/20152015/2016
Individuals below age 65R21 000R22 300R22 800R22 800R23 800R23 800R23 800
Individuals 65 and overR30 000R32 000R33 000R33 000R34 500R34 500R34 500
Portion that may be offset against foreign dividendsR3 500R3 700R3 700N/AN/AN/AN/A

Tax free savings accounts were introduced in 2015/16. As a result the interest exemptions above will no longer be increased.

Dividends received from domestic companies were generally exempt from income tax. A notable exception was a dividend from a "fixed property company", since such a company may deduct a dividend declared as an expense for tax purposes. Dividends received from foreign companies were generally taxable. A notable exception was a dividend from a JSE Securities Exchange listed company.

A participation exemption for dividends from a holding of more than 25% in the equity share capital of a foreign company came into effect for years of assessment commencing on or after 1 June 2004. This would be the 2005/6 year for individuals. The participation exemption was extended to a holding of at least 20% of the total equity share capital with voting rights of at least 20% for dividends received or accrued on or after 8 November 2005. It was extended to a holding of at least 10% from 1 March 2012.

From 1 April 2012 dividends received from domestic companies are subject to a final withholding tax of 15% but are exempt from normal tax. Only 37.5% (36.6% from 1 March 2015) of dividends from foreign companies are included in individuals' taxable income, so the maximum effective rate on these dividends is 15%.

Corporate

2009/20102010/20112011/20122012/20132013/20142014/20152015/2016
Standard28%28%28%28%28%28%28%
Small Business
 0 - <65 Threshold
<65 Threshold - 300 000
 300 001 and above
0%
10%
28%
0%
10%
28%
0%
10%
28%

N/A

N/A

N/A

N/A
Small Business
 0 - <65 Threshold
<65 Threshold - 350 000
 350 001 and above

N/A

N/A

N/A
0%
7%
28%

N/A

N/A

N/A
Small Business
 0 - <65 Threshold
<65 Threshold - 365 000
365 001 -550 000
550 001 and above

N/A

N/A

N/A

N/A
0%
7%
21%
28%
0%
7%
21%
28%
0%
7%
21%
28%
Personal Service33%33%33%28%28%28%28%
Secondary Tax on Companies 10.0%10.0%10.0%N/AN/AN/AN/A
Combined Standard
 1:1 Dividend Cover
 3:1 Dividend Cover
34.55%
30.18%
34.55%
30.18%
34.55%
30.18%
28%
28%
28%
28%
28%
28%
28%
28%

Turnover and shareholding conditions apply in respect of the small business corporation system.

Secondary Tax on Companies (STC) was levied on the distribution of profits by companies. (Close corporations are considered to be companies for tax purposes.) The combined rate of tax on a company is thus dependent on the amount of dividends the company declares. The table above shows the difference between a company declaring all its profits as a dividend and a company that retains two thirds of its profits to fund expansion. As noted above the dividends were then exempt in the hands of shareholders. The table does not deal with gold mines or long-term insurance companies, which are subject to special rates.

The STC base was broadened on 1 October 2007 and the rate reduced to 10%. Following the signature and ratification of certain double taxation agreements, it was converted into a final withholding tax on dividends of 15% on 1 April 2012.

A summary of older corporate rates is available in the archive.

Micro Business Turnover Tax

2009/20102010/20112011/20122012/20132013/20142014/20152015/2016
0 - 100 0000%0 - 100 0000%0 - 150 0000%0 - 150 0000%0 - 150 0000%0 - 150 0000%0 - 335 0000%
100 001 - 300 0001% of the amount above R100 000100 001 - 300 0001% of the amount above R100 000150 001 - 300 0001% of the amount above R150 000150 001 - 300 0001% of the amount above R150 000150 001 - 300 0001% of the amount above R150 000150 001 - 300 0001% of the amount above R150 000335 001 - 500 0001% of the amount above R335 000
300 001 - 500 000R2 000 + 3% of the amount above R300 000300 001 - 500 000R2 000 + 3% of the amount above R300 000300 001 - 500 000R1 500 + 2% of the amount above R300 000300 001 - 500 000R1 500 + 2% of the amount above R300 000300 001 - 500 000R1 500 + 2% of the amount above R300 000300 001 - 500 000R1 500 + 2% of the amount above R300 000500 001 - 750 000R1 650 + 2% of the amount above R500 000
500 001 - 750 000R8 000 + 5% of the amount above R500 000500 001 - 750 000R8 000 + 5% of the amount above R500 000500 001 - 750 000R5 500 + 4% of the amount above R500 000500 001 - 750 000R5 500 + 4% of the amount above R500 000500 001 - 750 000R5 500 + 4% of the amount above R500 000500 001 - 750 000R5 500 + 4% of the amount above R500 000750 001 and aboveR6 650 + 3% of the amount above R7500 000
750 001 and aboveR20 500 + 7% of the amount above R750 000750 001 and aboveR20 500 + 7% of the amount above R750 000750 001 and aboveR15 500 + 6% of the amount above R750 000750 001 and aboveR15 500 + 6% of the amount above R750 000750 001 and aboveR15 500 + 6% of the amount above R750 000750 001 and aboveR15 500 + 6% of the amount above R750 000

Turnover and shareholding conditions apply in respect of the micro business turnover tax system.



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